Month: January 2025

CapitaLand Ascott Trust (CLAS) has recently completed the acquisition of two freehold limited-service hotels in Japan for a total of JPY21 billion ($178.5 million). These hotels include ibis Styles Tokyo Ginza, located in Tokyo’s bustling city center, and Chisun Budget Kanazawa Ekimae, situated in the historical city of Kanazawa. The purchase price for these properties was at an 8.3% discount to their independent valuations.

Upon completion of the acquisition, CLAS is expected to see a 1.6% increase in distribution per stapled security (DPS) on a FY2024 pro forma basis. The blended net operating income (NOI) yield for the two hotels is projected to be 4.3% in FY2024. To hedge against currency fluctuations, the acquisition was financed through JPY-denominated debt and proceeds from the sale of four properties in Japan.

Located in Tokyo’s popular shopping and entertainment district, ibis Styles Tokyo Ginza offers 224 units for guests. The hotel is conveniently …

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When it comes to investing in a condo, securing financing is a crucial factor to consider. Singapore has a variety of mortgage choices available, but it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. It is imperative for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will enable them to make well-informed decisions about financing options and avoid over-leveraging. With the help of these professionals, investors can confidently invest in a Singapore Condo, knowing they have made wise choices for their financial situation.

Mapletree Investments has made its first foray into the UK logistics market with the acquisition of a property for EUR315.1 million ($444.5 million). In addition, the company has secured 10 …

Investing in a condo in Singapore has become an increasingly popular choice for both locals and foreign investors. This trend can be attributed to the city-state’s strong economy, stable political climate, and exceptional living standards. With a thriving real estate market, Singapore offers a plethora of investment opportunities, and condos are particularly attractive due to their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and steps to take when embarking on a condo investment journey in Singapore.

Turquoise, a luxury condo at Sentosa Cove, has three duplex penthouses for sale at $23 million. One is a 7,987 sq ft, five-bedroom duplex, the largest of the 10 penthouses in the 99-year leasehold waterfront condo. It features a wine cellar, four en suite bedrooms, a private infinity pool and a balcony. The second-largest penthouse is a 3,746 sq ft, four-bedroom unit …

The Botanic On Lloyd, a freehold condo, made headlines recently by achieving the highest psf-price among private non-landed developments. Located along Lloyd Road in prime District 9, this boutique development has seen little activity with only an average of one transaction per year in the past decade. However, a recent sale of a four-bedroom unit on the second floor, with a size of 2,056 sq ft, set a new record price of $2,493 psf on Jan 7. This surpasses the previous record of $2,339 psf by 6.6%, which was set in October last year when a three-bedroom unit on the fourth floor was sold for $3.5 million.For those who are unfamiliar with The Botanic On Lloyd, it comprises 66 units, of which 60 are apartments and six are townhouses. The units consist of a mix of three- and four-bedroom configurations ranging from 1,485 sq ft to 3,584 sq ft. The …

When it comes to investing in condominiums in Singapore, one must carefully evaluate the government’s property cooling measures. Over the years, the government has implemented various measures to keep the real estate market steady and discourage speculative buying. For instance, the Additional Buyer’s Stamp Duty (ABSD) has been put in place, which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may have a temporary impact on profits, they serve a crucial purpose in maintaining the long-term stability of the market and creating a secure investment environment. Therefore, before considering investing in Singapore Projects, one must carefully weigh these cooling measures.

According to data released by HDB on 24 January, the resale prices for Housing and Development Board (HDB) flats have recorded an increase of 2.6% in the fourth quarter of 2024. This marks the 19th consecutive quarter of price growth in the resale …

Radisson Collection, a renowned hotel brand under the Radisson Hotel Group, has recently debuted its new luxurious property in Galle, Sri Lanka. The spectacular Radisson Collection Resort, Galle is the brand’s first establishment in the Southeast Asia and Pacific region, and the fourth hotel to be introduced by the group in Sri Lanka.

Boasting 106 elegantly designed rooms and suites, all with breathtaking ocean views, this new property promises to provide guests with an unforgettable experience. The hotel offers a range of impressive amenities, including a beachfront pool, a well-equipped kids’ club with 24-hour nanny services, and a variety of dining options such as Ozen, an Asian-Japanese fusion restaurant, and Catch Restaurant, specializing in seafood. The Taboo Beach Club, located by the beach, is the perfect spot for guests to unwind and enjoy the sun on comfortable loungers and daybeds while sipping on refreshing drinks served by the attentive staff.…

Meinhardt, a Singapore-based engineering consulting firm, has recently entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). The aim of this partnership is to work together in exploring and delivering digital and smart city projects in third-world Asean countries, as stated in a press release on Jan 17.

Investing in a condominium in Singapore can be a wise decision, thanks to the various benefits it offers. With a high demand for residential properties, potential for capital appreciation, and attractive rental yields, there are plenty of reasons to consider this type of investment. However, it is crucial to carefully evaluate factors such as the location, financing options, government regulations, and market conditions before making any decisions. Through conducting thorough research and seeking professional advice, investors can make well-informed choices and maximize their returns in Singapore’s dynamic real estate market. Whether you …

Minister for National Development Desmond Lee has announced that HDB has completed the final two pandemic-delayed projects, according to a press release on Jan 20. The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, mark the conclusion of HDB’s pandemic-delayed housing projects. Over the last five years, a total of 92 projects have been delivered, providing over 75,800 new flats to Singaporeans.

In 2024, HDB successfully completed 22 housing projects, out of which 17 were delayed due to the pandemic. With the exception of one project, which was delayed for non-pandemic reasons, the remaining four were completed on time. This highlights HDB’s commitment to providing quality homes for Singaporeans, even in the face of challenges.

The 22 housing projects included two Shorter Waiting Time (SWT) projects, which were completed in less than three years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, …

City Developments Limited (CDL) has announced its intention to acquire all shares in New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) for NZ$2.25 ($1.72) per share. This will be done through CDL’s wholly-owned subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ).

The move will simplify the ownership structure of CDL’s New Zealand entities as MCK currently owns, leases or has under franchise 18 hotels in New Zealand. In addition, MCK has interests in properties in Australia through its Kingsgate Group subsidiaries and a majority stake in CDL Investments New Zealand Limited.

As of Jan 17, CDLHH NZ holds 80.02 million shares in MCK, representing a 75.86% stake. If CDLHH NZ reaches the threshold to invoke the compulsory acquisition provisions of the New Zealand takeovers code, it may choose to acquire all outstanding shares in MCK. It may also redeem the non-voting redeemable preference shares issued by MCK.…

Bagnall Haus, a highly anticipated freehold condominium development, had an impressive sales launch on Jan 18, with 71 out of 113 units sold within the first day. This translates to an outstanding sales rate of nearly 63%. The average transacted price for these units was $2,490 psf, with majority of the buyers being Singaporeans.

According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, the strong sales were mainly driven by end-users with varying budgets. All unit types were in high demand, with the two- and three-bedroom units being the most popular. Surprisingly, there was also interest in the larger five-bedroom units, showcasing the diversity of buyers’ preferences.

Bagnall Haus is located in the prime location of Upper East Coast Road in District 16. Spread across three five-storey blocks, the development boasts a total of 113 residential units, all of which are freehold. The units …